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20131202
20131210
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Bloomberg
Dec 6, 2013 8:00am EST
we are talking about immigration reform -- all of these things that can expand the economy further. imagine what we could do if we made the commonsense investments in infrastructure. we could move even faster. >> and what jobs would be created on that. you mentioned extending unemployment benefits. could this report and subsequent good reports create an argument that we do not need these kinds of emergency benefits anymore? >> the thing to recognize is better,the economy gets there is a mechanism in place that makes them go away on their own. this is not a benefit that extends indefinitely. improves, the way emergency unemployment works, people are less eligible. at the moment, we have so many people who are long-term unemployed. the average duration of unemployment is something like 36 months. that is unacceptably high. it has a self-correcting mechanism. if we continue to grow at this pace, there will be fewer and fewer people availing themselves of the benefits. that is the genius of this work. it helps people to keep those benefits. by the way, if you take away these benefits a
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